Friday, August 8, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Smart Car Dash Cam

    How new drivers in big cities can stay safe with smart dash cam technology

    Close-up of a Ray-Ban Eyeglasses

    Ray-Ban Meta Partnership Drives EssilorLuxottica’s Q2 Success

    Telecom Communication

    Guideline to Picking Right Tailored Telcom Solutions

    Spreadsheet

    From Spreadsheet to Smart System: Why Financial Teams Need Web Apps and Formula Transparency

    Why eSIMs Are a Game Changer for Remote Workers

    Why eSIMs Are a Game Changer for Remote Workers

    Ways to Share Video Content Without Internet Access

    Ways to Share Video Content Without Internet Access

    Why UK Grant Management Software Is Essential for NGOs

    Why UK Grant Management Software Is Essential for NGOs

    One App, Infinite Uses: How Revolut Is Reshaping Online Transactions

    One App, Infinite Uses: How Revolut Is Reshaping Online Transactions

    VPNs

    Households and VPNs: The New Normal in Digital Protection

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    Panoramic view of London's skyline featuring iconic buildings like the Shard and the London Eye against a clear sky

    Can London Still Compete with Silicon Valley and Berlin in Tech Investment?

    Using a Laptop

    How to Accept Altcoin Payments and Upgrade Your UX Strategy

    Crypto Loans Meet Open Banking: Will Hybrid Products Redefine Borrowing?

    Crypto Loans Meet Open Banking: Will Hybrid Products Redefine Borrowing?

    Fintevex.io vs The Rest: What Happened When We Put It to the Test

    Fintevex.io vs The Rest: What Happened When We Put It to the Test

    5 Smart Money Moves For Dynamic People

    5 Smart Money Moves For Dynamic People

    What Is a Payment Gateway and Why Your Business Needs One

    What Is a Payment Gateway and Why Your Business Needs One

    How Ethereum is changing things in the business world in 2025

    How Ethereum is changing things in the business world in 2025

    Financial Literacy and Artificial Intelligence – A Psychologist’s Perspective

    Financial Literacy and Artificial Intelligence – A Psychologist’s Perspective

    Everything You Need to Know About Multi-Million Loans

    Everything You Need to Know About Multi-Million Loans

  • Environment
    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

  • Property
    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    How to Streamline Your Home Expenses

    How to Streamline Your Home Expenses

    How To Plan Your Home Improvements in Six Easy Steps

    How To Plan Your Home Improvements in Six Easy Steps

    Budgeting for a House Sale: What Most Sellers Forget

    Budgeting for a House Sale: What Most Sellers Forget

    Home and business removals: Streamlining your move

    Home and business removals: Streamlining your move

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    6 Common Admin Mistakes that Property Managers Make

    6 Common Admin Mistakes that Property Managers Make

    Property Investment Strategy

    Interest Rate Hikes and How They Impact Your Property Investment Strategy

  • eCommerce
    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

No Result
View All Result
Today News
Home Legal

What is an LLC?

David Prior by David Prior
February 27, 2024
Reading Time: 4 mins read
What is an LLC?
460
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

LLC, or Limited Liability Company, is a widely used business structure in the United States that combines the personal liability protection of a corporation with the tax advantages and operational flexibility of a partnership or sole proprietorship. This hybrid character enables it to be a preferred option for several entrepreneurs and business owners who want a combination of regulatory ease and protection from personal liability.

Limited liability protection is the hallmark feature of an LLC, which is enjoyed by its owners, who are usually referred to as “members”. This protection ensures that members are generally not personally responsible for the business debts and liabilities of the LLC. That is to say, if the LLC is bankrupt or sued, the personal assets of its members (including houses, cars, and personal bank accounts) are usually safe from creditors. This is like how shareholders of a corporation are protected. Although LLC and Inc are similar, the are differences between INC vs LLC.

Tax-wise, LLCs are flexible by nature. They enjoy pass-through taxation as the default, whereby the business itself is not taxed at the federal level. Rather, profits and losses are allocated to the members’ individual tax returns, which eliminates the double taxation that is usually associated with corporations (where both the corporation’s profits and dividends paid to shareholders are taxed). Nevertheless, LLC can also choose to be taxed as corporation if it is beneficial for business. An LLC lawyer specializes forming and operating Limited Liability Companies, providing invaluable guidance on compliance, taxation, and asset protection.

Formation of an LLC is done by submitting articles of organization to the appropriate state business authority and paying the required fees, which differ from state to state. The process also usually includes the development of an operating agreement that sets out the ownership and operating rules of the LLC. This document, although not obligatory, is important for the determination of the financial and management rights and duties of the members, especially in multi-member LLCs.

LLCs are operationally flexible in the sense that they can be managed by their members (member-managed) or by designated managers (manager-managed), who may be non-members. This feature makes the management structure of the LLC be suited to the specific requirements of the business whether it is being managed directly by its owners or delegated to experienced managers.

To sum up, an LLC is a versatile and effective structure for business owners who want to shield their personal assets from their business liabilities and benefit from the tax and operational benefits that are not normally available in other business forms. Its simplicity of installation, together with its protective and flexible character, is attractive for a broad range of businesses.

Why choose an LLC?

Selecting Limited Liability Company (LLC) as a business structure has lots of benefits that make it a suitable choice for most entrepreneurs and business owners. Legal protection is one of the main reasons to select an LLC. While sole proprietorships or partnerships do not provide protection of the owners’ personal assets from business debts and liabilities, an LLC makes a legal separation between the business and its owners. It implies that in cases of legal disputes or debt, the personal properties that belong to the owners, including their houses, cars, and savings, cannot be used to pay off business debts.

Related posts

Judge gavel, a small mallet

UK Gambling Reform 2025: What Betting Operators and Punters Can Expect

August 7, 2025
472
Verida AFI Reviews: How a UK Legal Firm Helps Recover Money Stolen via Dating Apps

Verida AFI Reviews: How a UK Legal Firm Helps Recover Money Stolen via Dating Apps

July 31, 2025
462

The other attractive reason of choosing an LLC is its flexibility in regard to management and operation. Corporations have to have a board of directors and follow rigid corporate governance rules, whereas LLCs provide a less formal and flexible management structure. The owners of an LLC may operate the business themselves, or they may decide to hire managers to do so. This flexibility enables the owners of LLC to customize the management structure in the way that is the most appropriate for their business requirements and personal desires.

Taxation is also one of the areas where LLCs provide big benefits. Usually, LLCs are considered pass-through entities for tax purposes, which means that the business is not taxed on its profits. On the contrary, the earnings are distributed to the owners who then declare the income on their individual tax returns. This prevents double taxation, which can occur with corporations, where both the profits of the business and the dividends paid to the shareholders are taxed. In addition, LLCs may elect to be taxed as a corporation if it offers a more favorable tax treatment, which makes the tax planning more flexible.

Lastly, LLC formation can elevate the credibility and the perceived stability of a business. The presence of “LLC” in the business name can act as a sign for the customers, suppliers, and investors that the business is a legal entity, which can foster trust and professionalism. This is especially advantageous to small firms looking to penetrate into competitive markets.

In conclusion, the choice to create an LLC is based on its legal protection of the personal assets of the owners, its flexible management structure, favorable tax treatment, and the increased credibility that it can give to a business. These advantages have made LLCs a very popular choice for businesses of all sizes and in many industries.

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

Navigating the Skies with Mostbet’s Aviator: Your Ultimate Guide

Next Post

What Are the Priority Advantages of a Biometric Identity Management System?

Related Posts

Judge gavel, a small mallet
Legal

UK Gambling Reform 2025: What Betting Operators and Punters Can Expect

August 7, 2025
472
Verida AFI Reviews: How a UK Legal Firm Helps Recover Money Stolen via Dating Apps
Legal

Verida AFI Reviews: How a UK Legal Firm Helps Recover Money Stolen via Dating Apps

July 31, 2025
462
Age Verification Laws in the UK: From Alcohol to Online Access
Legal

Age Verification Laws in the UK: From Alcohol to Online Access

June 25, 2025
599
The Alert Group Sees Rising Demand for Investigation and Protection Services Across the UK
Legal

The Alert Group Sees Rising Demand for Investigation and Protection Services Across the UK

June 3, 2025
22
How to Include Funeral Wishes in Your Will
Legal

How to Include Funeral Wishes in Your Will

May 8, 2025
461
Legal Actions to Take If an Online Casino Is Withholding Your Funds
Legal

Legal Actions to Take If an Online Casino Is Withholding Your Funds

April 13, 2025
381
Next Post
What Are the Priority Advantages of a Biometric Identity Management System?

What Are the Priority Advantages of a Biometric Identity Management System?

RECOMMENDED NEWS

Build Software That Grows with You: Unleash the Power of Future-ready Development Approach

Build Software That Grows with You: Unleash the Power of Future-ready Development Approach

1 year ago
61
Trollishly: 10 Ways To Build Your Audience On TikTok

Trollishly: 10 Ways To Build Your Audience On TikTok

3 years ago
447
Ayahuasca

Preparing for Ayahuasca: Essential Tips for a Transformative Ceremony

8 months ago
634
Understanding the Structure of Belgium’s E-Invoicing System

Understanding the Structure of Belgium’s E-Invoicing System

2 months ago
27

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

Discovering the Charlie Oven The Rural Ranges Ltd Approach

Discovering the Charlie Oven The Rural Ranges Ltd Approach

August 8, 2025
Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

August 8, 2025
Telehealth Home Monitoring vs. Traditional Care Visits: Maximizing Value in Aged Care

Telehealth Home Monitoring vs. Traditional Care Visits: Maximizing Value in Aged Care

August 8, 2025
Judge gavel, a small mallet

UK Gambling Reform 2025: What Betting Operators and Punters Can Expect

August 7, 2025
Man in black crew neck t-shirt using macbook

How Online Casino Gamers Stay Social While Playing Solo

August 7, 2025
Smart Car Dash Cam

How new drivers in big cities can stay safe with smart dash cam technology

August 7, 2025
Close-up of beers in Amsterdam

Beer Bike Amsterdam: Top Things to Avoid for the Best Experience

August 7, 2025
How to Streamline Your Home Expenses

How to Streamline Your Home Expenses

August 6, 2025
Virtual Cards

The Rise of Virtual Cards. What Businesses Need to Know for the Next 10 Years

August 6, 2025
E-Bike

Why Commuting by E-Bike Is One of the Easiest Ways to Reduce Your Carbon Footprint

August 6, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Discovering the Charlie Oven The Rural Ranges Ltd Approach

Discovering the Charlie Oven The Rural Ranges Ltd Approach

August 8, 2025
Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

August 8, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact